Brits 'to boost UK GDP by £16bn in post-lockdown spending' as excess savings balloon to £160bn Cashed-up Brits are likely to knock back the Pimms on more days out, take holidays and spend, spend, spend. (Photo by Alan Crowhurst/Getty Images) Higher-earning Brits will help boost UK GDP this year by spending £16bn of the nation’s £160bn pot of excess savings, built up over the pandemic, once lockdown eases. Economists at Deutsche Bank have revised upwards their estimates of the total pool of excess savings across bank accounts in the UK to a whopping £160bn. They also predict a higher share of it will be spent as Covid-19 restrictions end,